Aperam (XMAD:APAM) EBIT: €1,451 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XMAD:APAM Aperam SA XMAD:APAM
83 GF Score
Price €45.52
GF Value €26.60
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Aperam EBIT?

Aperam XMAD:APAM 83 EBIT is €1,451 Mil as of Jun. 2026. GuruFocus rates XMAD:APAM with a GF Score™ of 83/100 and a GF Value™ of €26.60 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Aperam's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was €101 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was €1,451 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Aperam's annualized ROC % for the quarter that ended in Jun. 2026 was 8.27%. Aperam's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 11.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Aperam's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 33.77%.


Aperam  (XMAD:APAM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Aperam's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=408 * ( 1 - 0% )/( (5025 + 4845)/ 2 )
=408/4935
=8.27 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Aperam's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=404/( ( (2246 + max(1330, 0)) + (2163 + max(1188, 0)) )/ 2 )
=404/( ( 3576 + 3351 )/ 2 )
=404/3463.5
=11.66 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 1577 + 201) - (0 + 0 + 448)
=1330

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(602 + 2273 + 188) - (1598 + 0 + 277)
=1188

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Aperam's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=1451/4296.652
=33.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Aperam EBIT Related Terms


Aperam EBIT Historical Data

* Premium members only.

The historical data trend for Aperam's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Aperam EBIT Chart

Aperam Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,053.00 774.00 160.00 125.00 -12.00

Aperam Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.00 1,345.00 -29.00 34.00 101.00

XMAD:APAM vs NUE, STLD, RS: EBIT Comparison

For the Steel subindustry, Aperam's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Aperam EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, Aperam's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Aperam's EV-to-EBIT falls into.


XMAD:APAM
83GF Score
Aperam SA XMAD:APAM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aperam EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,451 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €1,451 Mil mean?
Aperam (XMAD:APAM) has a EBIT of €1,451 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Aperam.
Is Aperam's EBIT too high?
Aperam's current EBIT is €1,451 Mil. Overall, Aperam has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aperam's EBIT compare to NUE and STLD?
Aperam's EBIT of €1,451 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Steel company?
A good EBIT depends on the Steel industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Aperam. Aperam's current EBIT is €1,451 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aperam stock overvalued right now?
Based on GuruFocus' analysis, Aperam (XMAD:APAM) is currently considered Significantly Overvalued. The stock's GF Value™ is €26.60, compared to a current price of €45.52 — trading 71.1% above its estimated fair value. The current EBIT is €1,451 Mil. Aperam's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Aperam (XMAD:APAM), the current EBIT is €1,451 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Aperam (XMAD:APAM) Overvalued in 2026?

Based on GuruFocus' analysis, Aperam stock appears to be overvalued. The current stock price of €45.52 is trading 71.1% above its estimated GF Value™ of €26.60. GuruFocus considers Aperam to be Significantly Overvalued.

Key valuation signals for XMAD:APAM:

  • EBIT: €1,451 Mil
  • GF Value™: €26.60 vs. price of €45.52 (71.1% above fair value)
  • GF Score™: 83/100 with 8 warning signs

No single metric tells the full story. See the XMAD:APAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aperam Business Description

Address 24-26 Boulevard d’Avranches, Luxembourg, LUX, 1160
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its Stainless and Electrical Steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products for diverse industries. The Services and Solutions segment markets the company's products and provides customized steel transformation services; the Alloys and Specialties segment produces nickel alloys and certain specific stainless steels; and the Recycling & Renewables segment collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. Geographically, the company generates maximum revenue from Europe, and the rest from the Americas, Asia, and Africa.
83GF Score

Get the complete analysis for XMAD:APAM

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€45.52
Price
€26.60
GF Value